OneSpan Gains on Acquiring Nok Nok Labs
Combined with OneSpan’s recently launched FIDO2 security keys, this strategic acquisition enables the Company to provide customers worldwide with the industry’s most innovative, comprehensive, and future-ready authentication portfolio. Whether on-premises or in the cloud, OTP or FIDO, software or hardware—including Digipass, FIDO2 protocols, and Cronto solutions for transaction signing—OneSpan now offers customers maximum flexibility to meet their authentication needs.
“This is more than an acquisition — it’s a bold step toward providing customers with maximum choice in authentication,” said Victor Limongelli, CEO at OneSpan.
“We’re evolving our entire authentication platform to include FIDO standards because we believe passwordless is an important part of the future. With Nok Nok’s world-class technology and FIDO expertise, we now offer the most comprehensive and versatile customer authentication solution on the market.”
“As a founding member of the FIDO Alliance,” according to this morning’s news release,” Nok Nok has been at the forefront of advancing passwordless authentication standards globally. With a customer base spanning the US, Asia, and Europe, Nok Nok delivers robust, standards-based security solutions trusted by leading enterprises.”
OSPN shares increased in price 18 cents, or 1.1%, to $16.17.
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